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Businesswomen to observe “Protest Day” on May 6

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Staff Reporter

NEW DELHI: To protest against the Union Government’s alleged attempts to blame the trading community for the all-round increase in prices of essential commodities, business women belonging to the trading community plan to hold a demonstration and present bangles to the Government here on May 6. The Confederation of All-India Traders which will be organising the protest has decided to observe May 6 as “Protest Day” across the country.

According to the Confederation, the Government has failed to check corporate retailers who have booked a large number of crops and other agricultural products for the next three years and traders are being made scapegoats for the “utter failure of the Government”.

Complete ban

Confederation president B.C. Bhartia and secretary-general Praveen Khandelwal have called for a complete ban on future trading in commodities and said that the Abhijit Sen Committee report on commodity market is likely to be a “sponsored report” of the Government. They have also demanded that a new committee, including representatives from the trading and farmer communities, be constituted by the Government to look into the issues relating to the commodity market.

Accusing the Government of “double standards”, the trade leaders said that although the Government was talking of regulation of loan policy, it was also a fact that banks had given huge loans to big corporate houses for agricultural produce facilitating large-scale hoarding of crops and agricultural produce.

The traders said “wrong policies” and “lack of vision” of the Government was solely responsible for the spiralling prices.

Said Mr. Khandelwal: “The Government is keeping its trust more on corporate houses and multi-national companies whereas traditional Indian businessmen are being grossly neglected. The Confederation of All-India Traders has decided to launch an aggressive campaign across the country to make people aware about the actual facts.”

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